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Moretti was born in Rio de Janeiro, Brazil to an Italian father and a Brazilian mother. He and his family moved to New York City when he was three years old, and had plans to stay there only for three years, but in the end they stayed for seventeen. As a teenager, Moretti attended the Anglo American International School, which later merged with the Dwight School with fellow band members Nick Valensi and Julian Casablancas. He attended university at SUNY New Paltz before dropping out due to focus on his music career with The Strokes.

"It's so easy for people to jump to the wrong conclusions when they've only heard one three song EP. While we are really appreciative of some of the comparisons we have been given, it is not the full picture. Hopefully when the album comes out people will realize it isn't just some New York thing and that it is a lot more universal than that."

"I love music, but it is songs, bands, and albums that excite me rather than a specific drummer's style."

Despite living in the country from a young age, Moretti is not currently a U.S. Citizen, and is instead a citizen of his father's country of origin, Italy.[1] In an interview, Moretti once stated that he believes, "marriage is not anything that will secure the future of your relationship."[2] He is an enthusiastic visual artist; multiple examples of his artwork at The Strokes' website, including a portrait of bandmate Nick Valensi. Moretti is fluent in Portuguese, the language of his family, who live in Rio de Janeiro, Brazil where he visits them twice a year.